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Loan Charge deadline approaches

The government is being urged to suspend a controversial tax policy

Campaigners and MPs, including Iain Duncan Smith, have called on Parliament to change the law and save tens of thousands of people from paying back taxes on loans they were told they'd never have to repay. People who were paid via "disguised remuneration schemes" are faced with having to pay 20 years’ worth of taxes, unless they can come up with a one-off payment by the end of the month.

We hear from Gayle, whose father took his own life last year, mentioning the loan charge in the letter he left. Also, tax policy director at the Chartered Institute of Taxation John Cullinane and Tory MP Iain Duncan Smith.

(Image: money, credit: Getty)

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10 minutes

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